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SEC Charges Company Officers And Penny Stock Promoters In Kickback And Market Manipulation Schemes

Date 04/06/2012

The Securities and Exchange Commission today charged several penny stock companies and their officers as well as three penny stock promoters involved in various stock schemes in which bribes and kickbacks were paid to hype microcap stocks and illegally generate stock sales.
FINRA Hearing Panel Fines Brookstone Securities $1 Million For Fraudulent Sales Of CMOs To Elderly - Full Restitution Of Over $1.6 Million Ordered To Customers - Firm's CEO And Broker Barred - Former Compliance Officer Barred As Principal

Date 04/06/2012

The Financial Industry Regulatory Authority (FINRA) announced today that a FINRA hearing panel ruled that Brookstone Securities of Lakeland, FL, and the firm's Owner/CEO Antony Turbeville and one of the firm's brokers, Christopher Kline, made fraudulent sales of collateralized mortgage obligations (CMOs) to unsophisticated, elderly and retired investors. The panel fined Brookstone $1 million and ordered it to pay restitution of more than $1.6 million to customers, with $440,600 of that amount imposed jointly and severally with Turbeville, and the remaining $1,179,500 imposed jointly and severally with Kline.
SunGard’s Fox River Execution Solutions Develops “Dollar Certain” Algorithm For US Equity Trading

Date 04/06/2012

SunGard’s Fox River has enhanced its algorithm suite with a U.S. equity “dollar certain” algorithm, which is used when traders want to execute a trade in dollars rather than shares. This algorithm helps eliminate the manual management of dollar certain trades, helping traders avoid calculation errors and reduce operational risk.
DTCC Calls For Increased Public-Private Information Sharing To Protect The Capital Markets From Cyber-Attacks - DTCC Urges Restarting Federal Pilot Program That Targeted Cyber Espionage

Date 04/06/2012

DTCC testified before a Congressional subcommittee that federal agencies and the financial sector must expand information sharing on cyber-threats to more effectively protect the capital markets from attack. DTCC also called for restarting the Government Information Sharing Framework (GISF), a successful but now-defunct pilot program that targeted cyber espionage as part of this information sharing effort.
IntercontinentalExchange Announces Promotions; Farley Named Svp Of Financial Markets, Jackson Named President Of ICE Futures U.S., Tupper Named President Of Trade Vault

Date 04/06/2012

IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced senior management promotions as part of the company's continuing growth strategy. Thomas W. Farley has been promoted to Senior Vice President of Financial Markets,Ben Jackson has added the title of President of ICE Futures U.S., and Bruce Tupper was named President of Trade Vault.

NJ Global Invest Limited Joins DIFC

Date 04/06/2012

NJ Global Invest Limited, a part of NJ Group, one of the leading player in the Indian financial services and the largest B2B funds platform in India, has chosen DIFC for the establishment of its first Representative Office in the Middle East, as part of its plans for expansion in the region.
IntercontinentalExchange Sets Date Of August 1 For Second Quarter 2012 Earnings Release

Date 04/06/2012

IntercontinentalExchange, Inc. (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, will announce second quarter 2012 financial results on Wednesday, August 1, 2012. An earnings press release will be issued prior to the earnings conference call, which will begin at 8:30 a.m. ET.
CME Group Volume Averaged 13.2 Million Contracts Per Day In May 2012, Up 24 Percent From April 2012

Date 04/06/2012

CME Group, the world's leading and most diverse derivatives marketplace, today announced that May 2012 volume averaged 13.2 million contracts per day, down 2 percent from May 2011, but up 24 percent from April 2012. Total volume for May was more than 291 million contracts, of which 85 percent was traded electronically.
ICE Reports 8% Increase In May Average Daily Futures Volume

Date 04/06/2012

IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, reported volume for May 2012. Average daily volume (ADV) for ICE's futures markets was 1,544,072 contracts, up 8% from May 2011. Year-to-date through May 31, ADV across ICE's futures exchanges was 1,550,313 contracts, an increase of 3% compared to the first five months of 2011. Total May futures volume was 34 million contracts, up 13% from May 2011.
2012 EEX Exchange Council Election

Date 04/06/2012

Following the end of the Exchange Council’s term of office of three years, the trading participants of the European Energy Exchange (EEX) elected a new Exchange Council in accordance with the applicable schedule on 30 May 2012. The Exchange Council represents the interest of the trading participants and is involved in all essential decisions of the exchange. It has in total 24 members of whom 19 are elected directly by the trading participants. The participants vote in different election categories in order to adequately represent the different interests on the Council. The election was carried out via postal vote and resulted in the following new composition in the five groups.